Skip to main content

tv   Cavuto  FOX Business  March 15, 2013 8:00pm-9:00pm EDT

8:00 pm
that he avoided major international crises. i am not sure his luck will hold up in the second term. lou: it is starting to look, well, as you were suggesting, it is starting to look somewhat doubtful because so much is happening, coming together, north korea, whenever it may be. and it is benghazi. six months. this president has successfully stonewalled the american people. the congress of the united states. we are starting to see some break. thirty, 30 employees of the united states government you have been sequestered from public view for six months, four of them injured. what is your reaction? >> where they bury the survivors? lou: it has really been just exactly that. >> and the liberace, tucker, i don't think and stole the election. and now our soldiers are getting
8:01 pm
killed as a result of what he says. after ten years of sacrifice. >> aren't you glad obama pull the troops also the good afghanistan right? >> by the way, what happens to the mass of weapons of mass destruction jack next week is the ten year anniversary. we're still looking for those. lou: it makes you wonder about just where we are with their policy. you will leave about $35 billion worth of material and equipment in afghanistan. at least that appears to be the plan right now. you get the last word here. >> i hope that the prime minister netanyahu on tuesday or wednesday brings out his little round bomb with the red line on it and says, see, i told you so. lou: and not quite sure what that meant, but i will give you the last word. james, joyous, thank you so much. that's it for us tonight. coming up next we, congressman joins us.
8:02 pm
thank you for being with us. we will see you monday. good night from new york. have a great weekend. ♪ neil: something big is about to happen, and if you are not paying attention you might miss it. a straw poll. i know. you have added. frankly, so have i. we have already had dozens covering everything from the president. this poll is not about how we feel about this president. maybe. a very early on, and i mean really yearly on we could be teaching at the next president. on saturday you might want to get ready for a bit of an earthquake because the conservative political action conference is going to release its presidential straw poll. my prediction, give a hand to rand because rand paul is going
8:03 pm
to win the pole, not because he is suffering republicans a new face, but because he is getting in their face. ♪ neil: welcome, everybody. i'm neil cavuto, and we already know that he can talk. now it looks like he can run. the man who proved he could filibustered the better part of 13 hours to drone on about drones is now zeroing in on the republican party that has been in a month-long days. cozying up to the establishment and ripping apart telling cpac that the gop was marginalizing itself out of existence. it is in danger of losing face unless it reaches out to the facebook generation. it has grown stale and lost. it damn well better break out of this cover son and fast. republicans cannot depend on mp -- appealing to the investment class. time for them to reach out to the middle class telling and service not to play so conservatively. be bold, brass to be everywhere,
8:04 pm
including just outside chicago and becoming a party that shops at the top of our lungs. we are the party of jobs and opportunities. is not only taken the fight to the republican party. what is weird here is the is deliberately fighting with the republican party, drawing a line between those who argue for a strong defense, like john mccain , no matter the cost of personal privacy. then one up and no less than paul ryan he says he can balance the budget in ten years. rand paul says to my will to it in five. no program is too sacred that it cannot be sliced. no party chanted monday at the kennedy challenged. creating a grand old -- but no one yet as one bigger applause, which is why i predict demand by the way, you should probably read this and pencil. no one will garner more votes. a straw poll is actually just a snapshot in time. once he wins this one, i am telling you. he could be on his way. if this does not happen this whole thing did not happen.
8:05 pm
former florida republican congressman on whether he is going to be the gop man. what do you think? >> well, how are you doing? welcome to cpac, 48 anniversary. i think that you have a good assessment on what could happen with this straw poll. one of the main reasons why that could happen is because we are still within one week of senator rand paul doing the filibuster on the drug issues. it was a constitutionality issue. it talk to the civil liberties. he brought together people from aclu, on over to the libertarian side. it's very important that rally your base, which is what cpac is. young people are rallying, mainly because of an affection for his father, ron paul. there will be no doubt that he will be the clear winner of the straw poll. i will agree with you and your assessment. i am saying, this is america. 2016 is still a ways away.
8:06 pm
neil: his father did very well. of course, that did not necessarily propel a presidential nomination. but it gets early attention. what is more striking, i guess, and the son's case, he is doing it morning to the very folks he is talking to. essentially, you know, taking to pass it cpac itself for limiting ten minutes speaking time, taking the powers that be within the republican establishment including, you could argue, john mccain and by extension paul ryan by trying to one of his deficit-cutting plan. is that a dangerous strategy? >> well, i don't think it is a dangerous strategy. obviously it's a strategy. senator mccain and senator gramm probably could have done a little bit better. the optics for bad, what they did after his filibuster speech because while he was standing on the senate floor for 13 hours
8:07 pm
talking about a constitutional issue, they were at dinner at a swanky hotel with president obama. that is what he's talking about. i agree with him, we have to take on a limited government and of this responsibility, individual sovereignty, free marketplace and strong national defense to every corner of the country. neil: to be fair, just to be fair, at dinner that you alluded to was meant to bridge the gaps and get something moving on the budget, get something together. it is not as if there were twiddling there thumbs are having lobster for the sake of lobster. >> but the american people are starting to talk about results. if you're going to have a dinner with the president, people will expect you to announce the results of that dinner. neil: the next day? the next day? >> why not? why not? i would go back to that movie dave. overnight they found all of those different places where
8:08 pm
they could fix the budget. he announced that next day in that cabinet meeting. don't tell me what can't be done. that is why the optics for bad. you know, as senator paul was to stay once the ship, if he says ten years, it chided do this and diverse six. unless you put that out that the onus is on you to come up with a specific plan. neil: good point. thank you very much. >> always a pleasure. thank you. neil: palin west. even if wall street does not love the messenger, market watchers say a lot of them certainly like ron paul's message. that is, cutting this deficit. i guess sooner than later. >> i would think so. absolutely. just kept going higher and higher. dug holes eaten was on capitol hill yesterday talking to people who are impervious to map showing them that when the debt to gdp ratio goes over 90 percent growth falls by 1%.
8:09 pm
you sacrifice gdp growth trying to up to people who love tax revenue. you will get less tax revenue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting the nail on the head.
8:10 pm
the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of government and going the size of the private economy. neil: that might have been something that job in the republicans lap. fearing that this was going to boomerang on them. it hasn't. it has emboldened them to get their backbone back. >> it does seem like that is the case. i was as ceo summit last week. time and they understood that more spending means down the road bad things for the economy. more government spending because they know that as ceo, the company has to pay for it in terms of taxes are the customers do. neil: the stocks keep going up in the face of that. i know it is ben bernanke and all that stuff. >> in the face of more spending. yeah. for now is. that is what is out there. you know, the rooster chickens, a lever, somebody will come home to roost when we finally see unemployment come down to six and a half% in the has to turn
8:11 pm
off the printing presses. in the long run they understand the logic that more spending is bad for the economy. neil: go ahead. >> i number of years after all of this stimulus went through, the public as wise and up. they understand the government's spending does not create wealth. it impedes the wealth creation process. along comes rand paul with a very pro constitutional, pro liberty, pro free-market message it is no surprise that is invigorating the base. this is a consistent policy. conservatives can get behind it. all americans can and should. is the only path to prosperity. neil: you know what is helping you with the wider audience, taking the message to not just the groupon crowd. the entire crowd. even decriminalizing some drug use and all the rest so that young people are happy because you love to decriminaaize. >> writes. dahlia people do. neil: i'm kidding. i am wondering a part of that
8:12 pm
message is a kinder, gentler version of his father. there is another side of libertarianism. much as it perry goldwater with conservatives and 64 sounded too harsh. it took someone like ronald reagan to make it more palatable >> that makes a lot of sense. that is an interesting point of view. you can see that from a younger messenger. i think that the younger part of the republican party does embrace that side of it when they are saying, you know, i want may be freer social values or leave it up to my own judgment, but i and the stand the idea that we cannot spend our way to prosperity. we will not work. can you take that part of the conservative this, suzanne married with more modern, i guess, social values? neil: maybe that. you know, one of the members are telling me not too long ago, we just want to win. to find a source you can win. neil: they're still losing. >> the losing is all that mattered there. what do you think? >> and i think that they have
8:13 pm
seen, in my opinion, the inconsistency, whether it be senator john mccain advocating for cabin trade or mitt romney advocating for romney care. in his experience, that inconsistency which is really the party that the movement that the foot. i think rand paul comes along with very consistent messages. to your point, i don't think it is for the groupon crowd. individualism is a broad message . everyone, everyone on every level of social economic spread. >> people that just frustrated with washington, the impasse, the fighting, constantly saying we cannot balance its budget. we cannot get it done. we all could not say that at home. while they allowed to? neil: good point. he included defense. thank you both very much. meanwhile, coming up, first china. now it is going to have cracked us. right here in the u.s. avenue. ambassador john bolton says that is the biggest threat yet.
8:14 pm
more problems for apple. a new gadget already being called an iphone killer. they said that before. are they right? ♪
8:15 pm
8:16 pm
♪ neil: well, if at first you don't succeed burn, baby, burn. cash, that is. president obama with a renewable energy lab and illinois. what is a renewable energy lap? pushing for more spending. china is pushing to invest $50 million on natural-gas. could be starting. we have massive amounts of natural gas, as you know, but the white house is kind of fickle on fracking all of that. in fact, some are saying even a fraction of that. this china think to my you in ambassador john bolton. good to have you back. what do you make of this? obviously china wants in. they are not dump.
8:17 pm
what do you think they're looking at? >> chinese energy policy is sort of mitt romney's energy policy. all of the above. they had a huge demand for energy. in energy poor country. oil, natural gas, nuclear, you name it and thereafter it. the fact that they're looking at liquefied natural gas for propulsion of vehicles and doing it in this country, it reflects the they're doing it there as well. what are we doing? we have a president hitting stars can be run without gene windmills'. i think the chinese are taking a very practical approach. more practical than our administration, and it worries me. neil: you know what is interesting about the chinese in this strategy. they have gotten to the back of keystone planned. if we end up not committing to that their front and center talking to the canadians about being there to pick up the slack and help them out. so they are right in our hemisphere. now in the case of natural gas their right in our country. >> look.
8:18 pm
if you want to irritate canada more than almost anything else you can conceive of them have the administration rejects keystone again. they will sell to china and china will buy. we have the potential to change not just the economic dynamic your account through a kind of north american energy independence that we have talked about since before -- the ford administration. this can seize the international geopolitical dynamic as well if we are not dependent on foreign sources. a global energy market not fixated on the middle east. a lot changes demanded could change very quickly. we have the seeds of economic revival in this country, no matter what happens in congress or the executive branch. we are just watching it with their way because the president does not like carbon based fuels. neil: the president's people, as you know, ambassador, come back and say this is withering away. our growing declined on opec is a funny way offshowing it.
8:19 pm
our dependence on opec is easing. natural-gas access is increasing. we are kind of in the proverbial driver's seat more than folks say. what do you say? >> well, not yet. particularly now while the administration continues to wage a war on coal. a lot of the natural gas that we would produce i think would simply be used for gas-fired plan instead of coal-fired plants. the administration has tried to put them out of business. would like to be in more of a position on oil and gas or exporting changes in the balance of payments. this is the kind of lowering of energy prices on a global basis that really would be an enormous stimulus. neil: i'm sorry, would you forbid china to buy any natural gas or gas companies here elevating it to national security? >> i would not do that yet, but what i would do is use it as a
8:20 pm
lever to open up the chinese market and stop discriminating against foreign investors and the like. neil: always a pleasure. thank you. lawmakers from slamming a bank that raked in 21 billion last year. that is like me giving work advice to this guy. ♪ neil: no idea if you are you a ticket. ♪ he amerin dream is of a better future, a confident retirement. those dreams have taken a beating lately. b no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does.
8:21 pm
and that's what they can do with you. that's how ameriprise puts more within reach. ♪ gives you 1% cash back on all purchases plus a 50% annual bonus. and everyone wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 50% more yeah yh [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boogie ♪ what's in your wallet? cashhhhh!!! ♪ what's in your wallet? today is gonna be an important day for us. you ready? we wanna be ourbrother's ep. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines
8:22 pm
are now poring some of america's biggest cities. siemens. answers. ♪
8:23 pm
♪ neil: well, they guy blasting a company that makes millions. the $6 billion trading loss last year. the same senator that has not passed a budget and almost four years but finally get around to doing it.
8:24 pm
the same congress that keeps digging as into a deeper ditch. the craziness of all this. you know, i just find that someone has to play the role of police and looking at what happens. i find that it is not a role for anyone in congress to be and, judging the fiscal propriety of any entity. neil: -- >> it does take a special kind. you see what is going on with the senate finger wagging. this is a bank that did not need bailouts. i'm not saying it is a great thing. lack of internal control. lack of internal control, of course of the government's that has no fiscal responsibility whatsoever. the investors got hurt. what is going on here? taxpayers got hurt. the overarching theme is they should be treating their money like is there on monday when they get to spend it. just as chase should be treated as if it was their own investor money. those guys had to pay dearly. they clawed back compensation. people were fired. we will tell you something, for
8:25 pm
the senate to be finger wagging like this, you have to think, wait a minute. neil: it is about what we rack up in a couple of days. >> i think it is funny. the senate lecturing businesses is kind of like willie nelson lecturing drug addicts and saying that, you know, you should probably -- snoop dog telling drug users they should abstain. people who have thhs huge problem where they're spinning trillion dollars and leave everything to our generation, telling everyone else, you guys need to have better fiscal responsibility. it is insane. the fact of the matter is the interest payments alone will bankrupt us in the next ten years. neil: you are not saying someone should not look at companies that have aired trades that the marine. >> i think that the stockholders will look at them and probably not have stock in the company any more. neil: but i think the argument for just cheering them out, they
8:26 pm
want to avoid someehing that could lead to another meltdown. you're saying they're not the folks to do it. >> i think that when congress got a, pumping of the market by pushing all of this liquidity in the housing sector and then afterwards saying you guys are terrible for taking their money in direction to do this. i think it is pretty much hypocritical. neil: understood. what do you think? >> it is nonsense. the oversight is part of a constitutional obligation to ensure that the laws they pass are working to major that the regulatory system is working. in the case of the whale trading fiasco, you had a situation where the very integrity of the market is a stake. you have, according to the senate report, lying to investors about losses, lying to investors about risk, lying about capital requirements, lying about the measures that they -- neil: congress itself. lying, lying. lying. the lying.
8:27 pm
>> no. it is absolutely wrong. this is about -- this is about transparency and integrity in the market to give the investors the confidence that they need. neil: fair enough. but the people who are talking about transparency -- i think you're right, but they are hardly in a position to judge about anything regarding proper financial rules. >> this is confusing apples and oranges. what congress is doing, everyone bemoans the political gridlock. what congress is doing with a respect to the budget is very transparent everybody. >> it does not matter. transparency does not matter. and on. let me finish. the worst economic recovery since fdr. we have spent 16 trillion. listen, the attitude is, this is a tempest in a teapot. that was the wrong stance to take. the same stance you see in washington d.c. that deficits don't matter. neil: explained. explain your point. explain your point.
8:28 pm
>> it is a ridiculous argument. what you see in washington is political gridlock, not the fact that members and facts a being had from the public. people cannot agree on a philosophical approach. people can agree on whether not you take a big slice out of the deficit when you are a 1 percent growth. people can agree, and the republican party can agree about what to do about entitlements. some people can agree on one level taxes ought to be at. fundamental disagreements that are fought out in elections. >> you cannot ignore the math. let's be clear about that. >> totally different from the blue smoke and mirror games that are being played by investors. j.p. morgan. other investors. neil: the only thing i will save, and pick up on this point. the difference was that the company quickly seized and acknowledged the mistakes, on up to the mistakes, plus representatives of the company for the mistakes and/or held accountable by shareholders for those mistakes.
8:29 pm
the shareholderr ultimately are the owners and the company and came back in place their confidence in the way the company handled it. >> epicure exactly right. what congress is doing is ignoring math because we have interest payments that we have to pay every year, just like you have to pay the interest on your mortgage. we have an interest payment, 250 billion per year. ten years looking at nearly a trillion dollars per year just per. 1 trillion. where will we get that? we have to it either dramatically cut services. neil: the government cannot have its cake and needed to. one of its job this oversight of fiscal impropriety even though it might ignore its own. >> i think that they should take more time and instead of spending this time lecturing businessman is to take time to write a budget that actually balances. we have to have a balanced
8:30 pm
budget. >> what appears to be hypocrisy. >> again, accountability issues. listen. i am not saying they're totally in the clear or in the right. but investors pay the pricee executives' pay the price. neil: we dodged a very big bullet and came close to something that could have been very bad. neil: we could have. and the big banks to get a big taxpayer subsidy. neil: you agree. worth and worthwhile. >> it is worthwhile for them. no. i don't agree. i am saying that congress needs to look to its own house. neil: final thought. >> it is ridiculous to compare these two issues. no one seriously suggests that congress should not be engaged an oversight in the financial markets, particularly when you see the kind of lying. let me finish my point. neil: i'm going to let you finish that.
8:31 pm
>> the third of the time. the other wo guests stake to third. neil: i don't need beatitude. the point is that no serious person suggests that congress should not conduct oversight . the issue about that, we all agree that congress ought to fix that. we also agree that congress ought to get to 45% economic growth policies that will be for 5%. let's just -- i assume your two other guests are conservatives. the conservatives and republicans in particular have not put forward a balanced budget. the ryan budget is not balanced. >> it is utterly ridiculous and impenetrable the idiotic to ignore what is going on in washington. i am a democrat and i don't like what i see because the irs is getting bigger and bigger and bigger. the tax collector is getting
8:32 pm
bigger and bigger. more government spending. it's in your wallet and it's going to hit the middle class. >> this rhetoric takes us nowhere. neil: the rhetoric. have a happy st. patrick's day. when we come back. another big win. the top tech guys saying this is going to make apple / kent, thew trouble. ♪ mower from husqvarna. we engineered its unique drive system and dual transmission to handle hills& thick grass& and toh terrain& without losing traction or power the all-wheel-drive mower from husqvarna. challenge the impossible. find the all- wheel-drive mower exclusively available at lowe's and independent dealers nationwide. ...amelia... neil and buzz:
8:33 pm
for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... erything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
8:34 pm
we don't let freent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur
8:35 pm
♪ neil: i think apple has some trouble on its hand. eyeing samsung as they unveiled a new galaxy from the you can control its rise. >> if there were watching a video something caught her eye. >> freaky. neil: in know, the home of the rockettes. fired up like a rocket. neil: out stunt.
8:36 pm
literally wrote the book on apple. he says that the company should be worried. chris to what do you make of this? it will have a core community, customers who are always going to be loyal. neil: is that community froze in? is in that the issue of that community now has choices and apparently appealing choices. >> completely disagree. in my book which i appreciate you mentioning i read that the reason that apple became the biggest market cap company in the world is not because of its lawyers -- loyal customer base but because they grew only customer base. people like us, people who are not apple fanatics. the samsung galaxy ext. three and a fork, it's an extremely
8:37 pm
good phone. i am not saying it is an iphone killer, but the fact that it is iphone word the is very, very concerning. neil: every gadget it comes out of any company. a new wrinkle, a new feature. i defer to both of you who know more about this. i read your book. the inner workings of apple and the uniqueness of the technology, but i always found that incarnations of other phones are sort of ripples of apple features. i am saying that in this case. neil: let me give you an example. >> it makes moving the cursor when you are typing much easier. still a terrible experience. i am thinking when i realize this for myself, this just can't be. apple cannot be behind on something as fundamental as typing.
8:38 pm
they are. regular consumers understand that. neil: is that it? >> it is relative. one person finds it frustrating another person finds a freak. you will always have a holy wars between conservatives and liberals. in for devices. steve bell was making indra iphones i would be more concerned. that is pretty much the final choice these days. neil: but isn't that old genre house selling apple? >> in aggregate, yes. the thing you have to remember is that cool handles android. neil: who cares? you just said in aggregate. >> it is not. there are two different ball games. two different companies, to completely different business models. neil: one seems to be booming in the other not.
8:39 pm
>> they spend money. the developers will go. competition is good. neil: what do you make of that? >> all that is true. neil: i'm glad you said it's all true. i had no idea what he was saying. >> here is how i would explain it. apple had time or it was the only global superpower and smart phones which is really relevant because if you have the money to buy a high-end phone there was only when you were going to bite, and that gave apple tremendous profits and pricing power and market power and so on. that justice in the case anymore. >> there are at least two global superpowers now. the iphone and that galaxy by samsung. but there are others. apple does best when it dominates. not when it is part of the plan. so that is the threat facing apple right now. neil: the we need a game changer
8:40 pm
for apple? like a dick tracy watch or something that changes the playing field? right now into its existing venues, and has some competition >> it does, and it doesn't. as a standalone device, i think you have to start looking beyond this being a pocket computer. i can use a device like an apple tv. this is just one of dozens. >> here is the real concern for apple. for a handful of years, you're absolutely right, you can only do those things in the apple ecosystem. others have gotten so good that pretty much anything you can do on an iphone, you can do on an android phone.
8:41 pm
you can subscribe to pandora, which i know you do. this is a very meaningful change for the apple system. neil: i also did not understand. touché. i don't know what's going on here, but i know that apple has a fight. all right, guys, thank you so much. in the meantime carnival has in the meantime carnival has more bizarre crews problems's n? we wilhel' have that coming up t axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axir is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur.
8:42 pm
reportell your doctor abouttoms to yoall medical conditionsr. and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation wherapplied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial, go to axiron.com. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to, pure lte build. the most consistent speeds indoors out. d, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, whdidn't you st say that? huh-- what is he doing?
8:43 pm
yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. [sigh] it feels good to help people save... with great discounts like safe driver, multicar, and multipolicy. so call me today. you'll be glad you did. cannonbox! [splh!] neil: thousands of taxes, carnival is dealing with two more mishaps just this week. a mechanical problem in the ship
8:44 pm
making carnival cruise lines skip a stop in saint martin's. folks are stranded. on the previous ship, they didn't have water or toilet facilities. i don't know anybody who would conceivably conceivably want to book a carnival cruise right not. >> it would be worse if they already not seen as is the mcdonald's of the sea or in the banc of america. but i think of this is an important moment. they are playing rascal flats here. neil: and make you look so professional. >> okay, good. when the mob turns on me,
8:45 pm
disastrous results. really, this is a teachable moment. so they should deal with the repercussions. but what if the federal government treated cruise lines the way they treated farms and the auto industry. when a one of customers that we are no longer going to go on carnival. >> you would probably see carnival wallowing. and the other cruise lines are waiting in the wings. so i think it is important to sit your kids down and have them watch this over the next few years. >> it is hard to hear, but i'm just wondering how you market yourself after something like this happens. you have had three major mishaps, major screw ups. how do you play on i? and how do you try to calm
8:46 pm
people down? do you try to have a sense of humor about it? >> you know, i don't know. i think that sometimes carnival tries to sell themselves as a cruise line. [inaudible] >> i don't know what has to be done. they probably need he dealt with the paid for but you are paying a lot. neil: stephen, thank you so much. what a brave soul. when we come back, we are looking at business.
8:47 pm
washington's gambling and a big tax hike. hopefully it won't leave a lot of you scrambling. ahead of it is when this could be coming out again. >> hey, you -- do you want to make a better what? >> you bet that i'm going to bed. [laughter] alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks this mission never happened.
8:48 pm
uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? yes i did. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by r capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers.
8:49 pm
8:50 pm
neil: pennsylvania is looking to sell liquor.
8:51 pm
the republican governor is pushing a plan to raise a billion dollars. the state run liquor stores to help education. i would imagine my bizarre by this our you're completely plowed, but maybe this story is not of that notion. >> i am told by the people that work here that you can say i work at the distillery. [laughter] as the sea going into the barrels right here, the industry on this is that they don't care.
8:52 pm
customer service is big. that is what they want to see improved. whether it is the government or private industry. although they acknowledge that sometimes private industry does a better job. neil: it is interesting that what is perceived as a vice, you can get a lot of money off of it. >> you know, the thing about this is this was part of prohibition. many people think that it ended when the government legalize alcohol.
8:53 pm
some people think the profit motive would drive up prices. so you could have it either way. the liquor industry, places like this, this is what they call part of this. you see the filibuster. and these guys would like there to be customer service so they can buy what you want. neil: jeff, thank you so much. we will have more from the president of atlantic city casinos and what is happening with gambling. folks who love to gamble
8:54 pm
8:55 pm
neil: people are feeling gas
8:56 pm
prices. it could force them to plunk down less on things like gambling and traveling or it could go the other way and make them roll the dice. we have oscar goodman here. this is the one thing. in an improving economy, people continue to gamble. what do you say? >> i would agree to that. i liken it to a two edge sword. in this indication of atlantic city, the fact that we are in an economic downturn and the proliferation, specifically the mid-atlantic region, we are referring to what is a meiosis.
8:57 pm
neil: so you're not the only game in town in your neck of the woods. >> that's right. >> traditionally, much of it comes from neighboring states. many of those residents are starting to stay closer to home. neil: mayor, it wasn't that long ago that the president got a lot of grief from both sides of parties. so have you seen that rebound yourself? >> we are definitely back. it's really remarkable what has
8:58 pm
happened basically in the past year. basically casinos are full most of the time here. doing very well. neil: some may disagree with you. in other words, there is plenty of entertainment there. i could be wrong. i will let you address that and how important that it is in taking what is typically this industry to be a nice one. >> about 7% of the folks come here with the intention to
8:59 pm
gamble. entertainment has a great bottom line. things are paying for themselves, we are not relying on gambling anymore. gambling is the backdrop for everything here in las vegas. but basically we have so many other things taking place, that we are taking advantage of it now. basically, we are thanking everybody for coming back to vegas. it is not simple. not only from california where we really have this kind of situation, but from abroad. neil: neil: hasn't posts anti-hurricane hurt? >> yes, but

35 Views

info Stream Only

Uploaded by TV Archive on